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CT SB00421

Bill

Official Source

Status

Introduced

3/6/2018

Primary Sponsor

Planning and Development Committee

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Origin

Senate

2018 General Assembly

AI Summary

  • Amends section 7-473c(d)(9) of Connecticut General Statutes to modify the municipal budget reserve presumption in arbitration proceedings
  • Establishes an irrebuttable presumption that a municipal employer's budget reserve equal to 15 percent or less of operating budget is unavailable for payment of negotiated or arbitrated costs
  • Changes language to specify "operating budget" rather than "reserve" when calculating the 15 percent threshold
  • Effective upon passage for the biennium ending June 30, 2019

Legislative Description

An Act Concerning Municipal Budget Reserves For The Biennium Ending June 30, 2019.

Last Action

File Number 393

4/10/2018

Committee Referrals

Planning and Development3/6/2018

Full Bill Text

No bill text available